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April 16, 2019 11:57 am
Jet Airways is grappling with acute financial crunch and is operating less than 10 planes besides temporarily suspending international operations.
April 16, 2019 11:19 am
The board of directors of the crippled Jet Airways will meet Tuesday to discuss the further course of action. What was once a 123-aircraft fleet has now been reduced to a meagre seven-plane operation.
April 16, 2019 3:55 am
Jet Airways was the only Indian airline to operate on routes such as Mumbai-Colombo, Mumbai-Kathmandu and Mumbai-Hong Kong till recently.
April 16, 2019 7:24 am
The lenders of the airline met its management on Monday to decide on the funding, and discussions assumed significance given the airline’s inability to stay afloat due to lack of sufficient working capital.
April 15, 2019 1:03 pm
The pilots along with engineers and senior management have not received their salaries for three months, whereas employees of other categories have not been paid for the month of March.
April 14, 2019 9:51 pm
The move comes hours after the cash-strapped airline governing body National Aviators' Guild's staff announced their decision this morning to not fly from 10 am on Monday.
April 14, 2019 7:44 pm
The pilots along with engineers and senior management have not received their salaries for three months, whereas employees of other categories have not been paid for the month of March.
April 13, 2019 9:24 pm
Civil Aviation Secretary Pradeep Singh Kharola had earlier said that the airline would fly just 6-7 aircraft on Saturday and Sunday. At its peak, the airline flew a 119-aircraft fleet.
April 13, 2019 7:51 am
According to sources, SBI Capital Markets (SBICAPs), which is overseeing the process of Jet Airways’ stake sale on behalf of Jet’s lenders led by SBI, received at least six initial bids from parties including private equity firms like TPG Capital, Indigo Partners, and Radcliffe Capital.
April 13, 2019 7:52 am
The Jet Airways pilots’ body, the National Aviators Guild (NAG), on Tuesday had served a legal notice to the airline, setting an April 14 deadline for the new management to clear the pending salary of the employees.